Saturday, October 1, 2022

"Weighing The Costs"

"Weighing The Costs"
by Addison Wiggin

“A good decision is based on knowledge and not on numbers.”
- Plato

"The War in Europe presents a plethora of moral dilemmas. The most pressing issue for everyday Americans is the lack of energy coming out of Russia. Mackinder called it “the Heartland” for a reason… Russia as a landmass alone presents itself as extremely rich in resources, and most literally pumps them into Western European countries. The United States only accounts for 4.2% of the world’s population. But we act like we own all the resources on the planet. The Russian invasion of Ukraine has engaged everyone who eats food or burns fossil fuels.

Let’s let President Biden take that bait. The big question, according to Foreign Policy magazine, is whether the Energy Crisis ends up undermining support for Ukraine. In a piece titled “Putin’s Energy War is Crushing Europe,” reporter Christina Lu writes: "Germany is now reportedly moving to nationalize three major gas giants – Uniper, VNG and SEFE – in a historic intervention that would help rescue them from the brink. Mounting economic losses have “brought these companies financially to their knees,” Alex Munton, an expert on global gas markets at Rapidan Energy Group said. Without relief, he added, “At some point, things do reach a breaking point, and that’s sort of where we’ve got to.”

You could potentially have a situation where citizens become really unhappy and they start to blame governments for it, and maybe governments will start to go their own way and look out for their own interests.

Another article accuses: “You have no idea how bad Europe’s energy crisis is.” We beg to differ. After much proselytizing on the part of the EU, the harsh reality of a coming “Nightmare Winter” is revealing that the EU spread themselves too thin with their promises of going green. We agreed with this week’s guest on The Wiggin Sessions, Nomi Prins, that “you can’t simply flip a switch and go from dirty energy to green.” The technology is not there. The resources are not there. And winter is fast approaching.

The fear of war and famine and the cold of winter are proving more powerful than people can handle, and forcing us to reckon with ourselves. So it goes..."
"Will This Be the Worst Crisis Ever?"
"Wealthy 73-year-old U.S. entrepreneur retreats to one of his three European properties to issue serious warning (and 4 recommendations) for Americans. "It falls on someone like me to warn you clearly. I'm too rich to care about money - and too old to care what anyone thinks." Click here for details...

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